Shares of Style Baazar dropped 2.56% to ₹361.35 on the NSE, hitting the day’s low at 9:40 AM. The decline follows the company’s announcement of its Q1 FY2025 financial results, which revealed a mixed performance.
While the company approved the unaudited standalone and consolidated financial results for the quarter ending June 30, 2024, along with other key decisions during the Board meeting on September 25, 2024, the market reacted negatively to the overall performance.
Investors appear cautious following the results and the company’s recent adjustments, including the termination of Part B of the Articles of Association and a ₹50 lakh loan granted to its subsidiary, Konnect Style Retail.
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Bazaar Style Retail